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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2008.03.14 21:17:00 -
[31]
 Originally by: Daallie
Yes limited accounts do have higher rate, but the purpose of this bond rate is provide an optimized cash flow and to operate within known rates of profitability.
I don't think the question is over what the purpose of the Bond is from your end. It's over what what the purpose of the bond is to prospective depositors/investors. What advantage(s) does buying into this bond give over depositing into one of your limited accounts then withdrawing in 2 months time? If there's no advantage to depositors then who do you expect to buy these bonds?
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Daallie
Dynasty Corporation
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Posted - 2008.03.15 01:16:00 -
[32]
There is really not that much of a difference except that there is a note associated with the bond (tradable) and money is paid to them passively (dividends). Also there is no limit with the number of bonds one can purchase but there is a limit to deposit amount (even though I do not foresee any individual buying over 500 Million in bonds). If anyone would rather open a limited account I would completely fine with that. The bond is just to provide an additional investment opportunity for investors.
Dynasty Corporation |
Shadarle
LI0NS Industries
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Posted - 2008.03.15 01:25:00 -
[33]
Originally by: Daallie
The bond is just to provide an additional investment opportunity for investors.
But if that opportunity holds no advantages over other opportunities then you would agree someone would be stupid to use it, no?
You have to explain what the advantage is to yours over other options.
Fury Bank uses shares to distribute interest rates... so it seems that if you do as well that is not a difference.
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Ambo
2nd Outcasters
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Posted - 2008.03.15 08:27:00 -
[34]
The more I read your replies, the more I see that you simply do not seem to have considered this offering from the investor's point of view.
It provides no benefits over your own limited account. In fact, it pays out less and my money would be less accessible. Surely you can see that no one who is willing to invest with you is going to go for the bond when they could go for a limited account.
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Daallie
Dynasty Corporation
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Posted - 2008.03.16 05:01:00 -
[35]
I know there are other options even within Dynasty Banking, but most people have billions and billions of isk to invest and with a limit of 500M for Dynasty Banking another option as a bond even with a slightly lower rate is still plenty of investment opportunity. Right now there is just way too much money in the market so there is a massive demand for investments that just really do not exist at the moment this is why EBank can get away with low interests rates. So a 5% monthly bond is well within investors demands even though there are other options.
Dynasty Corporation |
Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.03.16 06:29:00 -
[36]
Edited by: Amarr Citizen 155 on 16/03/2008 06:30:09
Originally by: Daallie
I know there are other options even within Dynasty Banking, but most people have billions and billions of isk to invest and with a limit of 500M for Dynasty Banking another option as a bond even with a slightly lower rate is still plenty of investment opportunity. Right now there is just way too much money in the market so there is a massive demand for investments that just really do not exist at the moment this is why EBank can get away with low interests rates. So a 5% monthly bond is well within investors demands even though there are other options.
OK, OK, OK, OK. Lets just clear this up now. If what you say is true and investors have so much isk to throw around that they don't have to be concerned with where they put that isk and what return it will bring......then why aren't they coming out of the wood work to invest in this bond?
Sure there is a lot of isk out there to be had. Sure investors are looking for a place to put all that isk. BUT, the fact of the matter is that there are currently better options than this one that have not reached their limits including another product that you offer. Again I ask, why aren't the investors throwing isk at this if it is worth it? Because it isn't.
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Shadarle
LI0NS Industries
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Posted - 2008.03.16 07:26:00 -
[37]
Originally by: Daallie
I know there are other options even within Dynasty Banking, but most people have billions and billions of isk to invest and with a limit of 500M for Dynasty Banking another option as a bond even with a slightly lower rate is still plenty of investment opportunity. Right now there is just way too much money in the market so there is a massive demand for investments that just really do not exist at the moment this is why EBank can get away with low interests rates. So a 5% monthly bond is well within investors demands even though there are other options.
Question, are you intentionally sticking your head in the sand so as to avoid admitting this was not a well thought out offering or do you truly believe what you just wrote?
You compare yourself to the most trusted organization around... and then claim that because they can do something you should be able to as well. Lets put it this way:
Reputation level: VERY HIGH
E-Bank - 3%
Reputation level: High
Fury Bank - >5% (7% with a HIA)
Reputation level: Medium
Benvie - 8% (just using Benvie as an example off the top of my head)
Reputation level: Low
????
Reputation level: None
Dynasty Banking - 5%
Looking at that do you see the problem? As you go down that list the rates go up. Or at least, they should. Because as reputation decreases you need to increase rates to compensate. But when we get to Dynasty Banking, with no reputation, you're trying to offer less returns than anyone with a medium to high reputation. Please tell me you understand this and understand why it isn't going to work unless you find a very stupid person. The problem is that even if someone wanted to be nice they would probably not help you out... because in so doing they'd only be hurting themselves in the future by making a precedent that 5% is enough to get investments even if you have no reputation.
Either offer 8-10%+, find some way to offer security, find a way to increase your trust level, or some combination of the three. Then, MAYBE, you will get some investors... though I can't guarantee it as at this point I doubt you'd ever be able to get my money. The only possible way is if you tried to become a regular around here, posting in different threads, sharing your opinions and in doing so prove that you're a very smart guy who knows what he is doing. That is the absolute only way I could see you saving this from my point of view. I don't speak for everyone else though, others are far more of pushovers than I am.
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Kwint Sommer
Lothian Quay Industries
Otaku Invasion
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Posted - 2008.03.16 08:20:00 -
[38]
Originally by: Shadarle
Either offer 8-10%+, find some way to offer security, find a way to increase your trust level, or some combination of the three. Then, MAYBE, you will get some investors... though I can't guarantee it as at this point I doubt you'd ever be able to get my money. The only possible way is if you tried to become a regular around here, posting in different threads, sharing your opinions and in doing so prove that you're a very smart guy who knows what he is doing. That is the absolute only way I could see you saving this from my point of view. I don't speak for everyone else though, others are far more of pushovers than I am.
For that list of stuff that needs to be done before this is worth investing in: a business plan, proof of experience, proof of skills
Then there's that whole issue of banks being the pinnacle of public offerings but I guess you're already starting to realize that since you're switching over to bonds. Not that you've gotten anyone to buy them....
PS If you tell me buy low/sell high is a business plan one more time, I'm going to smack you.
Purchasing and Shipping Moon Minerals |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2008.03.16 08:25:00 -
[39]
Originally by: Shadarle
Either offer 8-10%+, find some way to offer security, find a way to increase your trust level, or some combination of the three.
Or how about actually answering the people in his thread about the board of directors? That would be a start. After that, we can start talking about trust.
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jna
Black Ash Enterprises
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Posted - 2008.03.17 23:56:00 -
[40]
Originally by: Kwint Sommer
PS If you tell me buy low/sell high is a business plan one more time, I'm going to smack you.
That's not a sufficiently detailed business plan? Darn it - tough crowd, tough crowd...
What if he adds in the words "inter-regional" a few times? 
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Daallie
Dynasty Corporation
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Posted - 2008.03.20 04:29:00 -
[41]
Due to low desirability the Board has decided to withdraw this bond offering. Players that have already purchased bonds will be reimbursed plus a generous interest payment for their investment.
Dynasty Corporation |
Ulstan
Caldari Provisions
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Posted - 2008.03.20 18:57:00 -
[42]
One thing I don't understand, is how sometimes I see people saying that new banks need to beat Fury's HIA rates. While it is hard for new banks to find a niche, is it not the case that no new HIA accounts are being opened, even to people who have the low interest accounts? In otherwords, if youdon't have a HIA now you can't get one?
In which case offering something lower than that for newer investors who haven't had a chance to invest in Fury Bank could be a useful niche to fill.
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Ray McCormack
hirr
Morsus Mihi
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Posted - 2008.03.20 19:26:00 -
[43]
I think it's a case that the proponents of Fury Bank HNFI of Fury Bank.
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